India has been the fastest-growing major economy over the past decade, with its Gross Domestic Product (GDP) soaring by an impressive 105% since 2015, according to the latest International Monetary Fund (IMF) data. The country’s GDP now stands at $4.3 trillion, more than doubling from $2.1 trillion when Prime Minister Narendra Modi's first term was just beginning.

India is now on the verge of overtaking Japan’s $4.4 trillion economy by the third quarter of 2025, making it the world’s fourth-largest economy. If current growth rates persist, India is expected to surpass Germany’s $4.9 trillion economy by mid-2027, securing its position as the third-largest economy globally.

Commerce and Industry Minister Piyush Goyal hailed India's decade-long economic performance as "outstanding." He pointed out that India’s growth rate of 105% outpaced major global economies, including China (76%), the U.S. (66%), Germany (44%), France (38%), and the U.K. (28%).

India’s rapid expansion has also outperformed all nations within the G7, G20, and BRICS. "The global shift is real! PM Narendra Modi-ji has led India to double its GDP in the last decade, positioning it to become the third-largest economy globally soon," Mr. Goyal stated.

While the U.S. ($30.3 trillion) and China ($19.5 trillion) remain the top two economies, India’s growth trajectory indicates a $10 trillion economy by 2032. The country has significantly reduced the time required to add $1 trillion to its GDP—from 60 years for the first trillion to just 1.5 years at the current pace.

With a relatively low national debt of $712 billion compared to the U.S.’s $36.2 trillion and China’s $2.5 trillion, India’s economic ascent is set to reshape the global financial landscape.

India has been the fastest-growing major economy over the past decade, with its Gross Domestic Product (GDP) soaring by an impressive 105% since 2015, according to the latest International Monetary Fund (IMF) data. The country’s GDP now stands at $4.3 trillion, more than doubling from $2.1 trillion when Prime Minister Narendra Modi's first term was just beginning.

India is now on the verge of overtaking Japan’s $4.4 trillion economy by the third quarter of 2025, making it the world’s fourth-largest economy. If current growth rates persist, India is expected to surpass Germany’s $4.9 trillion economy by mid-2027, securing its position as the third-largest economy globally.

Commerce and Industry Minister Piyush Goyal hailed India's decade-long economic performance as "outstanding." He pointed out that India’s growth rate of 105% outpaced major global economies, including China (76%), the U.S. (66%), Germany (44%), France (38%), and the U.K. (28%).

India’s rapid expansion has also outperformed all nations within the G7, G20, and BRICS. "The global shift is real! PM Narendra Modi-ji has led India to double its GDP in the last decade, positioning it to become the third-largest economy globally soon," Mr. Goyal stated.

While the U.S. ($30.3 trillion) and China ($19.5 trillion) remain the top two economies, India’s growth trajectory indicates a $10 trillion economy by 2032. The country has significantly reduced the time required to add $1 trillion to its GDP—from 60 years for the first trillion to just 1.5 years at the current pace.

With a relatively low national debt of $712 billion compared to the U.S.’s $36.2 trillion and China’s $2.5 trillion, India’s economic ascent is set to reshape the global financial landscape.